1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
trapecia [35]
3 years ago
12

The original cost of a LIFO inventory item is below both replacement cost and net realizable value. The net realizable value les

s normal profit margin is below the original cost. Under the lower of cost or market method for LIFO or retail method inventories, the inventory item should be valued at
Business
1 answer:
serg [7]3 years ago
4 0

Answer:

D. Original cost.

Explanation:

As we know that the inventory should be valued at lower of cost or market value. Also , the market value is the middle amount among the replacement cost, net realizable value, net realizable value - normal profit margin

It can be the replacement cost or net realizable value. We don't have an idea which one is the middle amount

Also, if the original cost is less than the market cost so we assume that the inventory should be valued at original cost

You might be interested in
Shoe Box Stores is currently an all-equity firm with 25,000 shares of stock outstanding. Management is considering changing the
denpristay [2]

Answer:

d. Sell 210 shares and loan out the proceeds at 8 percent

Explanation:

Since the firm is using 35 percent leverage, Jamie can offset the firm's leverage by selling shares and loaning out 35 percent of her investment at 8 percent interest.

Number of shares to be sold = 600 shares * 0.35 = 210 shares

7 0
3 years ago
The __________ is the difference between annual government expenditures and revenues.
sergiy2304 [10]
The standardized deficit <span>is the difference between annual government expenditures and revenues.
This calculation is made on the assumption that the market is on full employment. The difference between expenditures and revenues in this matter could be used to determine whether the government has run its operations efficiently or not.</span>
7 0
4 years ago
Read 2 more answers
True/False - According to CP-38 Disclosure of Affiliated Business Arrangements, a licensee is required to disclose any affiliate
baherus [9]

Answer:

True

Explanation:

The <u>statement is true</u> as we know according to CP-38 Commission Position toward Disclosure concerning Affiliated Business Arrangements as well as Conflicts, the comment additions Rule E-46 Affiliated Business Arrangements. §12-61-113.2, C.R.S. Affiliated Business Arrangements was established in Colorado to produce clarity, accountability, moreover customer protection during disclosure moreover regularity concerning affiliated marketing adjustments. Affiliated business organizations have also been organized for various years by the RESPA.

3 0
3 years ago
"convert to a mixed numeral: 18/5," states one problem on a fifth-grader's arithmetic text. this is a(n) _____ problem. it is be
horsena [70]

For the first blank, the answer would be is a well-defined problem. A well-defined problems have exact goals, noticeably defined solution tracks, and clear predictable solutions.


While for the second blank, the answer would be the application of algorithms. In mathematics, it is a clear-cut description of how to crack a group of problems. Algorithms can do calculation, data processing and automatic reasoning jobs.

5 0
3 years ago
Planned costs for 1 ruble of product sales 85.16 kopecks. Determine profit and profitability if the cost of the planned sales vo
Alexxx [7]

Answer:

A kopeck is a hundredth of a ruble

1 ruble sales = 0.8516 ruble cost

? Sales = 5,632,000 ruble

Sales = 5,632,000 divide 0.8516 = 6,613,434 rubles

5 0
3 years ago
Other questions:
  • A portfolio with a 30% standard deviation generated a return of 15% last year when T-bills were paying 6.0%. This portfolio had
    15·1 answer
  • A company could improve its acid-test ratio by selling some equipment it no longer needs for cash. a. True b. Flase
    11·1 answer
  • The ____, implemented in 2001, grants federal authorities expanded surveillance and intelligence-gathering powers, such as broad
    6·1 answer
  • ICU Window, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with seven years to maturity th
    12·1 answer
  • A partner's interest: a. is the same as the partnership property. b. cannot be attached by creditors. c. cannot be transferred.
    9·1 answer
  • How do you spell proportional
    8·2 answers
  • CircuitTown commenced a gift card program in January 2018 and sold $12,900 of gift cards in January, $19,950 in February, and $1
    9·1 answer
  • Your client has called for help with that bank fees in QuickBooks Online you began by asking them to open the bank and tab in th
    5·1 answer
  • What will happen to your credit score if you do not manage your debt wisely?
    15·2 answers
  • What type of loan is most common when buying a house?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!